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with small business owners across the country to force the president to back down on raising taxes on the wealthy. former florida governor jeb bush is gathering policy experts and dedication leader's fourth annual education summit. we covered yesterday's events pick. that's where we begin. mr. bush says the unions are barriers to better schools. how would you fix your school system? we want to get your take on it. also, send us a tweet, post your comments on facebook, or send us an e-mail. we begin with the "washington times headline" -- we want to show you what the former florida governor had to say at yesterday's event. [video clip] >> we need to have a teacher evaluation system that is based on teachers being professionals and not part of some collective trade union bargaining process. we have a system to reward teachers based on an industrial and unionized model that is completely inappropriate for the 21st century, completely inappropriate. there are incredibly fine teachers that get paid less even though they are doing the lord's work consistently over time and there are tea
>> what i can confirm is that 45 p. the top rate of tax will be higher under this government than any of the 13 years of the last government. that is the fact. that's the richest in the country will be paying more in terms of income tax in every of this government than in any year of that government. .. was investing eight hundred million pounds, an excellent eight hundred million pounds to combat tax avoidance. there was no such investment taking place with 15% cut in the budget. is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree with me that regulation derives -- you are pregnant or not pregnant. you either have state regulation or you don't. there is
don't if it breaks the pledge or not but i am opposed to the tax rate increase because i think it hurts the economy and i think most economists that i respect believe that but throughout my career i v gone to the floor time after time on the appropriations bills and the farm bills that have the important earmarks, the terrible and egregious subsidies which i have opposed all along and i am sure grower has been well aware of that. >>neil: he has in conversations, he has said that but what concerns him is that republicans seem to be running around with the tail between their leg after the election and acquiescing on revenues and letting the democrats stream roll them and he says they will pay in two years. do you feel threatened? >>guest: will, republicans have to be for some things and we need to be for things and for spending cuts. we need to be for entitlement reform. that has to be done if we are ever going to be serious about this debt issue, i don't think we should disrespect grover norquist any more than i believe we should disrespect the heritage foundation or any others.
's supporters to pressure congress to increase taxes on the wealthy by releasing a report estimating consumers could spend dplooerl $200 billion less in 2013 if no deal is reached. joining me now live from capitol hill is luke russert. luke, what are you hearing from senators regarding this? i note that chuck todd said we should expect some to go against the pledge. it's interesting to see what the house republicans say. >> that is the whole thing, tamron. sure, you're hearing the senate talking about moving toward a bipartisan deal. you're seeing concessions by folks like saxby chambliss and other folks, however, then tire debate comes down to negotiations between president obama and house speaker boehner. specifically what can he sell to the house republican conference. they've been very stubborn in terms of moving toward any significant raising of tax rates in order to garner revenue. we heard plans that they really do see a way forward with the combination of spending cuts, closing tax loopholes. this so-called vagueness we do not know the specifics oup, they're saying, folks, support this
a campaign to persuade voters that his plans for higher taxes on the wealthy are the right path forward. leading republicans creating consternation within their own party does they reversed themselves from taxes and seemingly the president's ideas of increases, a growing number on the right rejecting their no new taxes pledges and instead are now claiming the grover norquist is the real problem in washington d.c. fox digital politics center is here with us tonight as is the daily caller stalker carlson. egyptian leader declaring new powers for himself, claiming he won't be just another dictator. just a week ago praised by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue of taxes and the fiscal cliff. the white house today released a report from the council of economic adv
party pass on a pledge, the vow never to raise taxes no how, no way, and today a way for a growing number of republicans to say, sorry, grover, it is over. that pledge we signed turns out it wasn't written in permanent ink. welcome, everyone, i am neil cavuto and don't look now but i think americans for americans for tax reform and the zealot could be pumped. grover norquist himself on what appears to be a revolt on the right, half dozen republican senators would have disown add pledge that isn't feasible now including oklahoma senator coburn, arizona's john mccain, south carolina's graham, idaho's crapo, tennessee's alexander, and georgia's sam bliss. it is not that they have all become antipledge, more like, well, antisweeping pledge. particularly the party of that pledge that called for resisting any move to end any tax break. to hear georgia's chambliss, too rigid, too inflexible, noting times have changed significantly, and i care more about my country than i do about a to-year-old pledge. if so, so what now? norquist in a second, to bob on republicans increasingly happy to ma
tax cuts on consumer spending. as we know with all of this talk of the fiscal cluf tax cuts are set to spike at the beginning of next year. according to the new report allowing middle class tax rates to group, along with allowing the current tax cut to expire would change the gdp. this is all part of the president's effort to extent the burr-era tax cuts for americans making less than $250,000 a year, all while incriesing taxes on the wealthy. it seems some members of the dgdp could be coming around and be ready to go against the grover norquist pledge. more bill press after the break. stay with us. you're about to watch an viewer created ad message for little caesars who proudly salutes united states veterans everywhere. >> clarksville is a small town on the tennesse/kentucky boader and it is a really great place to raise a family. my name is lloyd allard i was a chief officer in the special forces, i was in the army for 23 years. i have made 1400 parachute jumps. well, my experience in the military was varied. i spent a lot of time in iraq, a lot of time in kuwait. i did
of americans for tax reform, talked about the so- called fiscal cliff and the upcoming tax bills in congress. he will also talk about the 2012 election and recent meetings at the white house between congressional leaders and president obama. this is an hour and 20 minutes. >> we are delighted to have grover norquist with us. of course, he is president of americans for tax reform but in the spirit of full disclosure, he is also a member of our board of directors and a very important colleague. grover spoke here several months ago, i should say here at the center, but not in this room because we moved -- there may be some glitches, so i apologize in advance. i am sure we will do better next time. however, grover talked about taxes, u.s. economic policy. but that was about taxes and the electoral campaign. now we had elections and the taxes are at the center of a very important political debate and at the center of negotiations between the obama administration and congress, particularly the republican controlled house. as i watched the president during his recent press conference and listened t
a republican tax increase. this is "the ed show." let's get to work. >> e we should not hold the middle class hostage wild we debate tax cuts for the wealthy. we should at least do what we agree on and that's to keep middle class taxes from going up. >> preserving tax cuts for the middle class. tonight chris van hollen and jan schakowsky and the latest on the fiscal cliff. >>> the meet iing with the president looks good for progressives. we'll get the scoop from james hoffa. >>> plus breaking news. republicans running the benghazi witch hunt remain disturbed and troubles. >> i'm more disturbed and significantly troubled. >> i'm more troubled. >> joan walsh on today's big meeting with susan rice. >>> and yesterday ricks rolled fox news. >> i think that the emphasis on benghazi has been extremely political because fox was operating as a wing of the republican party. >> today fox news strikes back. >>> good to have you with us tonight, folks. thanks for watching. the white house is keeping republicans in a box. president obama is hitting the road to push the extension of tax cuts for income, for
't think that raising tax rates is something that's good for this economy, that will help grow jobs. and so what we have said is there are ways for the federal government to have more revenue if we grow this economy and engage in tax reforms. >> every economist i respect says if you raise tax rates at this time -- in fact the president said that a couple years ago -- that it harms the economy. we're trying to help the economy. and so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and grounds for my position. >> the truth is this country does not need to go through this fiscal cliff, which is fundamentally a huge tax increase and very little spending cuts. we're favoring a huge automatic tax increase that needs to be changed. >> bottom line we can't go off the fiscal cliff. democrats have harry reid. we have mitch mcconnell. get them in the room. no one gets all they want. if reagan and o'neill could do it, obama and boehner should be able to do it. >> it's the right approach, the one most beneficial for our economy, that protects t
. >> they voted for government that works. >> we don't understand why raising tax rates is the solution. >> can party leaders get a deal? >> impossible. >> all this talk about taxing the rich is nonsense. >> grover norquist. >> you speak of grover norquist. >> he's an entertaining warrior. >> pledge mentality is really on the run right now. >> speaker boehner clearly wants a deal. >> he can't have one arm tied behind his back. >> the top 1%, only 42% of the wealth. >> 48.5 million people lived below the poverty level. >> we should ask the wealthy to start paying their fair share. >> the american sense of fairness, no one should pay more than 25%. >> today's republican party has imploded. >> they are in denial. >> they are looking for someone to blame. >> grover is no longer speaking for the party. >> they may not be willing to just die on this hill anymore. >>> good evening. i'm ezra cline in for lawrence o'donnell. the craziest thing is happening in washington right now. you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the aust
news reported on nervous democrats in the house and senate who were wary about pushing hard for tax hikes for the wealthiest americans. among them are seven senators up for reelection in 2014 in red states. the centrist think tank gave them ammunition with a polling memo showing most americans want compromise in washington. third way, what about the people's way? folks, compromise does not mean giving republicans everything they want and you know that paul ryan is going to be greedy when he comes to the table. the most important poll was taken on november 6th. the americans are on board for higher taxes for the wealthiest americans. labor groups have take on to the air waves to address the democratic lawmakers who are making the deal. >> how do we move our country forward? by creating jobs and growing our economy. not by cutting programs that families rely on most. we need senator mccaskill to continue to stand up for us. we need senators bennett and udall to stand up for us. we need senators warner and webb to continue to stand up for us by investing in job creation, extending the
, a new report out today showing how tax hike fears could impact consumer spending during the all-important holiday shopping season. part 2, the president's plans to take the issue straight to the voters and campaign style appearances and the use of an army of campaign volunteers to sell his message on tax hikes. the hope, that the coalition that put president obama back in office will help him ramp up the pressure on congress to make a deal. joining me now, chris van hollen and also a member of the house budget committee, congressman, good morning to you, sir. >> good morning, craig. great to be with you. >> the national journal reporting that the president could hold events related to the cliff this week. what are you hearing? >> well, i think that's right. i don't think anything has been settled. there have been on going conversations, but obviously the discussion will heat up this week now that the thanksgiving is behind us. >> what does the white house hope to accomplish with these types of events? >> well, look, this was not a side issue in the campaign. throughout the last
in this push for higher taxes. so that is the epicenter. i'm going to the epicenter. i have no fear for you. >> dana: hello. i'm dana perino with andrea tantaros, bob beckel, eric bolling, brian kilmeade. 5:00 in new york city. this is "the five." ♪ ♪ >> dana: congress 35 days to reach a deal and prevent the economy going over the fiscal cliff. no mystery what the issues areu. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with t
. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a good opportunity in front of them. >> we heard senator reid said when asked he couldn't name any of the cut the democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit on cuts they made. on what? >> bob: that is a $60,000 question. i'm not sure what he is talking about. but i know there will be cuts if entitlement program. readjust
-- host: welcome to "washington journal." of the senate host: an increase in payroll taxes and the scheduled spending cuts across the board. a couple republicans yesterday signaled they could be flexible on the anti-tax pledge that they signed if it gets them closer to a deal with the white house. what is your reaction? here are the numbers to call. you can also find us online. send us a tweet or join us on facebook. you can also e-mail us. here's "usa today" looking at what happened on the sunday talk shows. it says -- the south carolina senator became the second republican senator in recent days to back away from a no tax pledge devised in the decades ago. the willingness to break ranks could prove crucial as gop leaders and democrats try to reach a deal before taxing and spending changes take effect in january. new york representative king says economic conditions have changed since the anti-tax pledge first emerged. he's a republican. that thee gop's say fiscal cliff deal is what defined grover norquist. let's hear congressman pete king of new york, a republican. he was
for a tax increase. we could ask president bush how his second term went after he broke his pledge. did he damage the pledge or by breaking his pledge, he lost a second term for the presidency. >> and this morning, even fox and friends were getting all philosophical about till death do us part pledges. >> i think you get into really difficult situations in relationships in general when you make people sign on the dotted line and then you crucify them if they decide to change their line. i'll bring it back to marriage. marriages don't work when one or both parties stand on both sides of the fence and say i'm not budging. then you get divorced. that's what happens. >> crystal, let me explain this being dumped thing to you because i know you've never -- >> it's happened once or twice. >> stop. you lost an election, so you have some sensation of what grover is going through. >> poor guy. i feel for him. it is remarkable because he's had this pledge in place since 1986. george h.p. bush violated the pledge, it essentially led to newt gingrich and the contract for america and we have been living
back to work but the clock is ticking. unless lawmakers make a deal, automatic spending cuts and tax increases are just a matter of only a few weeks away for everyone. i'll ask a top member of the republican leadership if there's any room for serious compromise. >>> and if you own a home, deductions that save you money every year could be changing or simply going away. we're taking a closer look. >>> and ballpoint pens that hide poison needles and poison bullets. they sound like props in a cold war era spy movie. but they're part of a real assassination plot. we have details. i'm wolf blitzer. you're in "the situation room." >>> we're just 36 days away from the painful across-the-board spending cuts and tax increases people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected
people from higher taxes but mitch mcconnell, senate republican leader, he says there has been no similar compromise from the democrats or the president. he says they are still holding out for higher tax rates on the rich and he says the radical left is prescenting the democrats and president and agreeing to serious reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion. that is money which it does not now have. so you can see that this is very serious issue. cuts in spending, cuts to medicare. who will make them? it is very serious because what that kind of money outstanding you need some kind of an agreement and fast. the bottom line right now, martha, it is again an impasse. martha: that's a huge number, stuart. it was about 38 trillion just less than a year ago i believe. >> yes. martha: so that number has really ballooned to 42 trillion as stuart shares with us in terms of those numbers. let's go back to the republican side for just a moment because i think there is a discrepancy i
donations like those here in america are like those tax deductible and with the u.s. approaching a fiscal cliff, there are rumblings of big changes and some could impact charity. the and here is the national correspondent tim angle. >> thanksgiving, a time to relish one's blessings and help the less fortunate. >> in the scramble to avoid the fiscal cliff, both the president's plan to raise taxes on the wealthy and the republican willingness for revenues could end up hurting charities and rely on the kindness of people with money. >> high income people tend to give very generous gifts. they may give a million dollar contribution to a capital campaign of a local hospital or a local art museum and a small number of donors at the high end that account for really big chunk of the charitable giving in this country and those are the folks that we'd be most impacted by this tax policy change. >> in fact, united way gives 15% of total donations, 500 million dollars a year, from those who give $10,000 or more. so, charities worry that any kind of tax increase on the wealthy could cut into their don
. >>> what do you do when they're screaming for entitlement reform on the right, demanding more tax revenue on the left and only a very small stretch of common ground? take it to the people. for the next two days the president is at the white house sitting down with small business leaders. tomorrow he will host middle-class americans who say they can't afford to see their taxes go up. >> if you take away the $2200 from my paycheck it will severely impact my family. >> it begins again with this question of fairness. everybody needs to pull their fair share. >> and on friday he'll return to the stump speaking at a manufacturing plant in pennsylvania. the message is clear, president obama's number one priority is ensure that tax cuts for middle-class families are preserved and tax rates for the wealthy expire. according to warren buffet that idea is already being accepted across the country. >> there's a general feeling among the general public and congress, that the rich like me have been getting away with low tax rates and time to make the tax rates more progressive. >> while the president s
norquist's anti-tax pledge. saying they're open to letting revenues rise if democrats do their part in the budget talks. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. for instance, if i were in congress in 1941, i would have signed the declaration of war against japan. we're not going to attack japan today. the world has changed, and the economic situation is different. >> so peter king is telling us, mike barnicle, not only is he going soft on taxes, he's going soft on japan. >> i know. >> it's not just peter king on the taxes. it's a big step, don't you think? >> it's a big step. >> grover. yeah, grover's taking a big hit since the election. there's no doubt about it. i think john, you'd verify this. number of republicans, i've talked to a couple of united states senators who
with the territory. >> chris: would you agree to raise taxes as part of a solid compromise to avoid a fiscal cliff. >> i would opposed to raising tax rates but i believe we can close a lot of loopholes. we can do things to e-- in fact, two other things. one, things like like a limit on the amount of deduction of charitable giving. a limit on the amount you can take on your home loan mortgage deduction and obviously we are going to have to look at entitle reform. entitlement. reform is the only way to get the debt and deficit under control. we've got to take it on. >> chris: let me ask you, you say you would consider more revenue but with loopholes -- >> there's so many of them. >> chris: you voted against the bush tax cuts a decade ago because you said too many of the benefits go to the wealthy, not the middle class. once they were passed you have changed your view and said i'm not going to oppose them. it you could get a deal for entitlement reform and take a chunk out of the national debt, why is the 35% top tax rate which you oppose sacred? >> every economist i respect says if you raise tax rat
-profile republicans that says he will break the longstanding pledge regarding taxes and says he will do it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one of the two sides had some movement in their position on the tax side of the debate. that side is the re
the of consumers but will the possibility of higher tax slow them down? we'll talk with matthew shay of the national retail federation and john sweeney of fidelity investments. plus the holiday is over and the white house and congressional leaders try to make a deal. we'll ask our sunday panel if negotiators can reach a compromise to avoid the fiscal cliff. and a thanksgiving tradition, our power player of the week has me dancing with turkeys. all, right now, on fox news sunday. ♪ >> chris: and, hello again, from fox news in washington. on this holiday weekend, we are watching several major foreign policy developments from egypt, to gaza. to the continuing controversy over the benghazi attacks. here to talk about it all is senator john mccain, and, senator, welcome back to fox news sunday. >> thank you, chris, dancing with turkeys? >> chris: you have to wait until the end of the show to see. >> i thought we were doing that now! >> chris: president mohamed morsi, gave himself almost unchecked powers and sent thousands into the streets, the people who have been helping to topple hosn
to sign a pledge from somebody else. >> what they're talking about again is tax revenue and the house speaker has talked about it. mitt romney campaigned on it. >> lowering deductions and closing loopholes. >> eliminate or limit rather deductions and credits and exemptions. cutting out the exemptions and loopholes. >> grow this economy and engage in tax reform. >> simplify the code. >> ywhen you get divorced, thats what happens. ♪ >> welcome back after the thanksgiving holiday and all eyes are on the fast approaching fiscal cliff with republicans possibly maybe looking to make a deal. with the deadline now just 36 days away, some top republicans suggest they could, shock, horror, break with their sacred pledge to grover norquist. >> i'm not obligated on the pledge i made tennesseans aware is just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have elected -- re-elected me, it is not about that pledge. it really i
this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments and we have to start raising the interest rate. eventually, we get to the point where we can't afford a
more important for these small businesses are the tax hikes and the tax increases that they are facing come the end of the year. a tax increase for top net income earners, from 35 to 39.6% in 2013. for all intents and purposes that involves small business owners? >> it's a lot of them. there is a fight going on. the left saying it will not affect small business too much. the right is saying it will. there is a lot of politics going on. my only question is how taking money out of anybody to put into washington, d.c. which is has been very ineffective with our capital is going to help -- i don't get it. somebody runs a small business and make a few hundred thousand a year to tell them you are going to pay $15-20,000 a year plus obamacare, i on don't think that is good news. i wish they had a better idea. elections have consequences. i gather taxes are going up. >> heather: according to ernest & young they are projecting that that tax rate will kill 710,000 small business jobs. people, individuals support businesses help that? >> yes, it's going to help. look, there is a reality. dollars
is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senators lindsey graham, saxby chambliss, congressman peter king among other republicans who said they'd be willing to break away from grover norquist's anti-tax pledge. will you say if you're willing to break that pledge in order to save the country from the fiscal cliff. >> hello, thomas. and first of all, i signed that pledge two years ago, and the reason i signed it is because i think increasing tax rates, increasing the amount of money that the federal government takes away from job creators is going to harm economic growth a
putting limits on their no tax pledge and telling grover norquist to get lost. but remember, there's only one of those people in the house of representatives. >>> keeping hope and change alive. president obama's aides are hoping to keep the campaign going and use their new leverage at the polls to win the fight for higher taxes against the wealthy. >>> this is "hardball," the place for politics. >>> get ready for some more partisan agendas in the state governments across the country. that's because come january at least 37 states will be under single party control. 37 of them. with one party holding both houses of state legislatures and the governorship. and that's the largest number of states under single party control in 60 years. 24 of those 37 states will be controlled by republicans and 13 under democratic control. we'll be right back. >>> welcome back to politics and "hardball." abortion politics, particularly anti-abortion politics, has been a guiding principle of republican politics for decades. yesterday senator john mccain stepped back from the edge and seemed to say it was time
is that revenue going to come from? >> increasing tax rates is going to harm economic growth. >> warren buffett was out this morning talking about tacking the wealthy. >> time to make the tax rates more progressive. >> that's just silly. >> grover norquist, he wanted ground government in the bathtub. i hope he slips in there with it. >> medicaid, social security. >> this is not part of the conversation. we're not going to raid social security. just another fight in washington. >> there's going to be blood and hair and eyeballs all over the floor. >> i'm more positive than most. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their core principles? i was left with the impression that they would
and continue negotiations over the looming automatic spending cuts and tax hikes that could kick in at the start of the new year. the administration is out with a brand new report this morning showing how letting taxes go up for everyone just to protect the richest americans would cut consumer spending and slow growth by about a point and a half. according to the president's council of economic advisers, we would spend about $200 billion less next year because we would be paying more in taxes. consumer spending is about 70% of our gdp. up until now hundreds of republicans have been tied to the grover norquist-created pledge not to raise taxes. but current economic reality is setting in and conservatives are starting to stray with conditions. here is south carolina senator lindsey graham. >> ly violate the pledge, long story short for the good of the country only if democrats will do entitlement reform. >> that's a whole nother conversation. on the issue of taxes warren buffett has written an op-ed in "the new york
their article describing said freak out. upper income taxpayers look for ways to sidestep obama tax plan. he said he would end the tax cuts for the wealthy. and abc news found after the election that at least some of the people in this country making over $250,000 a year were just freaking out about that. "a 63-year-old attorney based in louisiana who asked not to be named told abc news that she plans to cut back on her business to get her annual income under the $250,000 mark should the obama tax plan be passed by congress and become law. we were going to try to make our income $249,999 she said." this is nuts. if i could just lower my income, i will avoid the tax hike. i will purposely make less money so i don't fall into the tax hike category. this is nuts, right? this is a fundamental misunderstanding. this is like that old joke about the three guys sitting about the one thing they would take with them to survive if they knew they would be trapped in the desert. the first guy would bring a compass so i could find my way out. the second guy would bring as much water i could carry so i cou
. >> but will they actually cut taxes on the rich? not raise them, cut them. they wouldn't do that, will they? you are about to find out. >> republican goes after susan rice. >> absolutely it was wrong. >> here's what i can tell you. the american people got bad information on 15 september. >> some surprising opinions on that. stay right here for that, as well. then a movie about how we got bin laden but did they get classified information? that's a new controversy. >> you think you know the story but hold on to your seat. >> it's a huge controversy. an investigation was begun about you receiving classified material. >> who's guilty, who's innocent? we decide here on the "young turks." also, the man who created pulp fiction, kill bill, inglorious bass starteds on the set today. and republican on republican crime, elbow of the day. go time. [ ♪ theme ♪ ] >> cenk: david pluck is one of the to which advisers for president obama. he's talking about what they're going to do in regards to the grand bargain and he says some things that are very, very interesting, revealing exactly what we had feared was going o
sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you sign 20 years ago, 18 years ago, is for that congress. if i were in congress in 1841 i would have supported declaration of war against japan. i won't attack japan today. the world changed and the economic situation is different. >> i am not oblg gate on the pledge. i was just elected. the only thing i am honoring is the oath that i take when i serve when i am sworn in in january. >> chambliss already made a similar statement last week. the question is is this a real softening of positions? does it give them room to make deal. >> two things. first, let's look at the real room being created. so far i haven't heard anyone say i am willing to raise marginal tax rates as part of a deal. they're arguing with the head of the antitax coalition about whet
popular mortgage deduction. and while republicans have been more open to revenue, that does not mean tax rate increases. many democrats insist that tax rates for the wealthiest americans absolutely have to go up. but they don't necessarily agree on how much they should rise. let me bring in usa today's washington bureau chief, susan page, and ryan grim. good morning to both of you. >> hey, good morning. >> good morning. >> we've laid out some of the basics there and warren buffett was out this morning talking about taxing the wealthy. he says there should be a minimum tax on millionaires. take a listen. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes, and then they've watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> you know, he was the one that in a way started all this, susan, because he talked about he shouldn't pay a lower tax rate than his secretary. now he's saying that taxes should rise, maybe for people making over $500,000
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